EUR/JPY

EUR/JPY attempted to move above the 116.30 resistance level yesterday. Initially, it managed to move higher but at the end of the day the pair closed below the level and its opening level. No bearish continuation yet in today’s trading session. Traders will wait for a further reaction from the current level. If EUR/JPY could close above 116.30 then expect further upside toward 117.80.

Today critical levels to watch:

Support: 116.00, 115.80, 114.80

Resistance: 116.30, 117.80

EUR/GBP

EUR/GBP launched upward from the 0.8750 which could be the strong confirmation for a new bullish trend. The pair currently trades near mid-April high. Further upward movement above the high will trigger a more bullish reaction toward 0.8920 – 0.9000.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8862, 0.8920, 0.9000

GBP/JPY

GBP/JPY closed lower from the 132.50 – 133.00 area and might continue its downward movement toward 130.00 as projected. No bearish continuation yet at the current time. Traders might want to wait until the pair reach 130.00 before placing any long positions.

Today Critical level to watch:

Support: 130.00, 128.20

Resistance: 132.50, 133.00, 134.50

GBP/CHF

GBP/CHF losing more ground below 1.2000 and currently testing the April low. If the pair move below the April low then traders will expect further medium-long-term bearish continuation.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2120, 1.2300